As ETH continues to evolve, its long-term outlook could be brighter than it appears at first glance. a closer look at Ethereum’s key metrics reveals a different story. Despite recent market corrections, several bullish indicators are emerging, suggesting that traders remain optimistic about the asset’s potential for future growth.
Ethereum’s estimated leverage ratio has steadily risen, reflecting traders’ increased confidence in deploying leverage during bullish setups. This aligns with the metric’s peak levels, underscoring a sustained appetite for risk in derivatives trading.
This moderation implies that while long positions dominate, they are not extreme, leaving room for a healthy price increase without an imminent risk of large-scale liquidations. Furthermore, Ethereum fund holdings have surged to multi-month highs, reflecting strong institutional interest and continued confidence among both institutional and retail investors, even in the face of recent market corrections.
As of now, at the time of writing this article, ETH is being trade around $3,470 with an overall gain of 0.7% over the last 24 hours and has a market capitalization of $417.6 Billion.